THE TRADER'S JOURNAL

Stock, Forex, Futures, Options Trading Magazine

Sun10222017

Last updateFri, 22 Nov 2013 4am

Back You are here: Home Trading Trading The Markets Currency & Options Aussie Rises to Four-Month High as Inflation Surpasses Estimate

Aussie Rises to Four-Month High as Inflation Surpasses Estimate

Australia’s dollar climbed to a four-month high after data showed inflation quickened more than forecast in the third quarter, damping speculation the central bank will ease policy.

Swaps traders see an 82 percent chance the Reserve Bank of Australia will hold its key interest rate at 2.5 percent this year, compared with 54 percent odds estimated at the end of last month, data compiled by Bloomberg show. The Aussie and New Zealand dollars gained yesterday after a U.S. report showed a slower-than-projected increase in jobs, fanning speculation the Federal Reserve will put off reducing monetary stimulus. Full story